Tripadvisor (NASDAQ:TRIP) Upgraded by StockNews.com to Buy Rating

Tripadvisor (NASDAQ:TRIP - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a research note issued on Friday.

TRIP has been the topic of several other reports. Truist Financial decreased their price target on shares of Tripadvisor from $21.00 to $17.00 and set a "hold" rating on the stock in a research note on Wednesday, September 4th. TD Cowen lifted their target price on shares of Tripadvisor from $15.00 to $20.00 and gave the stock a "hold" rating in a research note on Thursday, November 7th. The Goldman Sachs Group cut their price target on Tripadvisor from $27.00 to $24.00 and set a "buy" rating for the company in a report on Thursday, August 8th. UBS Group decreased their price objective on Tripadvisor from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Finally, B. Riley upped their target price on Tripadvisor from $19.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $18.33.

Tripadvisor Price Performance

Shares of Tripadvisor stock traded up $0.26 during trading on Friday, hitting $14.33. 1,225,396 shares of the company were exchanged, compared to its average volume of 2,301,743. Tripadvisor has a fifty-two week low of $12.93 and a fifty-two week high of $28.76. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.93. The firm has a 50 day moving average price of $14.80 and a 200 day moving average price of $15.81. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 61.18, a P/E/G ratio of 9.88 and a beta of 1.36.

Tripadvisor (NASDAQ:TRIP - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The travel company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.06. The company had revenue of $532.00 million during the quarter, compared to analysts' expectations of $527.86 million. Tripadvisor had a return on equity of 10.37% and a net margin of 1.98%. The business's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, equities analysts expect that Tripadvisor will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of Tripadvisor

A number of institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. lifted its position in shares of Tripadvisor by 167.6% during the third quarter. Pacer Advisors Inc. now owns 5,067,733 shares of the travel company's stock worth $73,431,000 after purchasing an additional 3,173,817 shares in the last quarter. Jupiter Asset Management Ltd. lifted its holdings in Tripadvisor by 1,150.2% in the 2nd quarter. Jupiter Asset Management Ltd. now owns 1,684,505 shares of the travel company's stock worth $30,001,000 after buying an additional 1,549,761 shares in the last quarter. River Road Asset Management LLC boosted its position in Tripadvisor by 33.3% in the 3rd quarter. River Road Asset Management LLC now owns 3,670,063 shares of the travel company's stock valued at $53,179,000 after buying an additional 917,689 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Tripadvisor by 53.0% during the second quarter. AQR Capital Management LLC now owns 2,375,868 shares of the travel company's stock valued at $41,364,000 after acquiring an additional 822,712 shares in the last quarter. Finally, U S Global Investors Inc. lifted its stake in shares of Tripadvisor by 71.8% in the third quarter. U S Global Investors Inc. now owns 1,512,548 shares of the travel company's stock worth $21,917,000 after acquiring an additional 632,353 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

Tripadvisor Company Profile

TripAdvisor, Inc operates as an online travel company, primarily engages in the provision of travel guidance products and services worldwide. The company operates in three segments: Brand Tripadvisor, Viator, and TheFork. The Brand Tripadvisor segment offers travel guidance platforms for travelers to discover, generate, and share authentic user-generated content in the form of ratings and reviews for destinations, points-of-interest, experiences, accommodations, restaurants, and cruises.